Here I try to explain in a simplified manner how blockchain works, using easy examples.
As the name indicates, a blockchain is a chain of blocks that contains data or information. A block contains; information or data, which depends on the type of blockchain. It also contains the cryptographic hash code of the previous block, and this effectively makes a chain of blocks, and this makes this technology so secure. Along with this, it contains a unique hash code of the block & its data. If there is any change in the block’s data, this hash code changes.
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00:00 Intro
00:16 How blockchain Works?
00:54 What is a Block?
01:22 Blockchain working example
02:30 Decentralisation
03:22 51% Attack
Blockchain Demo
https://andersbrownworth.com/blockchain/
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About Omkar Adate aka Exploring Insanity
Omkar Adate is a believer, an explorer & a self-learner. Born & raised in ‘the City of Dreams—Mumbai’. True to its culture, he upholds the #hustler spirit of the city. Over the past eight years, he has explored at least 20 odd jobs, some of which included selling notes, taking tuitions, manufacturing hoodies, leading treks, camping, corporate off-sites & cycling events. He has done fellowship in the development sector, volunteered in the sustainable tourism & livelihood space, worked as a content creator, done video editing & graphic designing, managed social media accounts, made blogs & e-commerce websites. At some point in time he was also preparing for being a CA. Nowadays, he is full-time crypto-trading & bootstrapping a Social Enterprise connecting his passion for Travel & “Generating Sustainable Dignified Livelihood Opportunities” by utilizing the power of Blockchain Technology & Digital Media.
In order to get out of the clutches of constrained resources & the modern rat race, he made some insane choices & took calculated as well as uncalculated risks, while gathering rich experiences & insights, along the way. With an aim to learn & develop a wholesome mindset & to lead a self-sustained & meaningful life.
In his own words…
I feel fortunate to receive a lot from society directly & indirectly, in terms of learning & life. With a view to contribute back in my own small way, I am building this channel, talking about a thing closer to my heart — Entrepreneurship & my interest at the current phase of my life — Crypto & the Blockchain Technology.
In this channel, you find stories from the past journeys of people like you & how they have evolved, capturing their formative years & their adventures. Along with this, you will get authentic, unbiased & researched information on the world of crypto. You will be able to learn about & understand this disruptive technology of the future.
Join the journey…
Credits:
Graphics: https://bit.ly/MadeWithCanva, & Anon
Concept & Editing — Omkar Adate
**Views expressed in the video are personal, not financial advice & not meant to cause harm to anyone in any form.**
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